A. Business Crop
B. Cash crop
C. Money Crop
D. Earning Crop
Economics Mcqs
Which of the following is the Pakistan’s central bank ?
A. State Bank
B. National Bank
C. Both of them
D. None of them
A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
A. Pledge
B. Assurance
C. Collateral
D. Guaranty
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI)
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
A. Property right
B. Sole right
C. Copyright
D. Right
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
A. Cost of living
B. Basic requirement
C. Cost of life
D. None of the above
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment
What is referred by cost push inflation ?
A. Decreased production costs drive prices up
B. Decreased production costs drive prices down
C. increased production costs drive prices down
D. increased production costs drive prices up
Interest payments and any principal repayments which are due on a country’s external debt are known as ?
A. Debt Payment
B. Service Charges
C. Debt Charges
D. Debt service